AptarGroup - ATR Stock Forecast, Price & News

AptarGroup, Inc. provides a range of dispensing, sealing, and material science solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Pharma, Beauty + Home, and Food + Beverage. The Pharma segment provides pumps for nasal allergy treatments; and metered dose inhaler valves for respiratory ailments, such as asthma and chronic obstructive pulmonary diseases in pharmaceutical market; elastomer for injectable primary packaging components; and active material science solutions. The Beauty + Home segment primarily sells pumps, closures, aerosol valves, accessories, and sealing solutions to the personal care and home care markets; and pumps and decorative components to the beauty market. The Food + Beverage segment offers dispensing and non-dispensing closures, elastomeric flow control components, spray pumps, and aerosol valves to the food and beverage markets. It sells its products through own sales force, as well as independent representatives and distributors in Asia, Europe, Latin America, and North America. The company has a strategic partnership with PureCycle Technologies LLC to develop ultra-pure recycled polypropylene into dispensing applications; and a collaboration with Sonmol for developing a digital therapies and services platform targeting respiratory and other diseases. AptarGroup, Inc. was incorporated in 1992 and is headquartered in Crystal Lake, Illinois.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ATR. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of AptarGroup from $145.00 to $125.00 in a report on Tuesday, July 19th. Wells Fargo & Company cut their target price on shares of AptarGroup from $150.00 to $125.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Robert W. Baird cut their target price on shares of AptarGroup to $110.00 in a research report on Tuesday, August 9th. Morgan Stanley cut their target price on shares of AptarGroup from $126.00 to $120.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 2nd. Finally, TheStreet lowered shares of AptarGroup from a "b-" rating to a "c+" rating in a research report on Thursday, June 16th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $120.00.

AptarGroup Price Performance

ATR Stock opened at $111.08 on Friday. The firm has a 50 day moving average of $103.49 and a 200-day moving average of $110.49. The company has a current ratio of 1.90, a quick ratio of 1.32 and a debt-to-equity ratio of 0.65. AptarGroup has a 12 month low of $94.03 and a 12 month high of $136.23. The firm has a market capitalization of $7.26 billion, a P/E ratio of 32.38, a price-to-earnings-growth ratio of 4.05 and a beta of 0.62.

AptarGroup (NYSE:ATR - Get Rating) last released its quarterly earnings data on Thursday, July 28th. The industrial products company reported $0.96 EPS for the quarter, meeting analysts' consensus estimates of $0.96. AptarGroup had a net margin of 6.94% and a return on equity of 12.87%. The company had revenue of $844.54 million during the quarter, compared to analyst estimates of $827.18 million. During the same period last year, the business earned $0.91 earnings per share. AptarGroup's revenue was up 4.1% compared to the same quarter last year. As a group, sell-side analysts predict that AptarGroup will post 3.87 earnings per share for the current fiscal year.

AptarGroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 17th. Stockholders of record on Wednesday, July 27th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.37%. AptarGroup's dividend payout ratio (DPR) is currently 44.31%.

Insider Activity

In other AptarGroup news, insider Gael Touya sold 59,072 shares of AptarGroup stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $108.98, for a total transaction of $6,437,666.56. Following the completion of the sale, the insider now directly owns 38,876 shares in the company, valued at $4,236,706.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by company insiders.